Trading Edges That Last
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Lawrence's Comment Recap Bearish weaknesses persisted in the beginning of the week yet Y-1 was never challenged even though ES sold off from Y-0 quickly. 2nd challenge at Y-0 from below cleared ...READ MORELawrence's Comment Recap Cable bear flag pushed right into the resistance zone mentioned last week. Bear flag broken to the down side and gave us a clean slide to below Y-2 normal ...READ MOREFor more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time scheduleREAD MOREPrecog Vision – Forex 2022-11-283DP Odds Table (USDCAD) 2015-05-08S&P 500 Apr 21 to Apr 25 Outlook3DP Odds Table (USDCAD) 2023-05-02GBPUSD Nov 17 to Nov 21 OutlookPrecog Vision – Forex 2015-12-31USDCAD Jun 21 to Jun 25 OutlookHot n Cold (USDCAD) 2013-9-13Intraday Cycle Projection (USDCAD) 2021-11-09Nasdaq 100 Jun 10 to Jun 14 Outlook
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USDCAD Sep 15 to Sep 19 Outlook
Lawrence’s Comment
USD advantage to tag Y+1 turns into all out rally tagging Y+2. Y+1 then turned into support giving us another leg higer to Y+3. Closed the week above Y+3 and near week high.
Outlook
Strength in USD partly comes from ECB news and partly due to its safe haven status in time of instability. Up trend established on 4 hours. As long as B-0 / Y+2 acting as support there is no reason to go bearish on the pair, yet.
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